Wirehouse Firms
Learn the ins and outs of the wirehouse channel, including news, analysis and more on Bank of America-Merrill, Morgan Stanley, Wells Fargo and UBS.
SEC, CFTC Issue Joint Rule Proposal on Identity Theft
By Melanie WaddellThe SEC on Tuesday announced a rule proposal to help protect investors from identity theft by ensuring that broker-dealers, mutual funds, and other SEC-regulated entities create programs to detect and respond appropriately to red flags.
February 23, 2012
Direct Providers Threaten Advisors’ Client Base: CerulliThose advisors most in jeopardy are those who compete most directly with providers such as Schwab, Fidelity and E*Trade.
February 22, 2012
‘Retiring Isn’t About Age’: Merrill Affluent SurveyThe majority of those surveyed (59%) also believe the age at which Americans are eligible to collect Social Security should be raised.
February 21, 2012
Why Some Big Breakaway Brokers Are Going Independent: EconomicsThese days, big wirehouse brokers are making the move to independence for economic reasons. Will that change the independent advisor community?
February 21, 2012
Dynasty Financial Continues to Expand With Break-Away AIFDynasty Financial Partners announced that UBS Wealth Services Samuel Kiefer has left UBS to join independent advisory RPg, a member of the Dynasty network of indie advisors.
February 15, 2012
Merrill Adds Putnam to Retirement-Plan SuiteAccording to BofA, some 2,300 Merrill Lynch advisors sell defined-contribution plans, which now have about $26.5 billion in assets.
February 15, 2012
5 Best & Worst Broker-Dealers: Q4 EarningsBrokerage firms in the fourth quarter boosted earnings growth as high as 191% and reported declines as low as 131%AdvisorOne selected 10 to spotlight.
February 14, 2012
Industry Opponents Slam Volcker Rule as Volcker Defends ItThe controversial Volcker rule that regulates proprietary trading came in for a final round of comment as frustrated bankers, activists and Paul Volcker himself flooded government regulators with statements.